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European stocks search for firm direction as earnings roll in, with inflation data in focus

July 31, 2018

European stocks wavered Tuesday, but headed higher for July, as the market absorbed a new round of corporate earnings reports, including well-received results from Swiss banking heavyweight Credit Suisse.

Updates on inflation and economic growth figures from the eurozone were in focus, as the euro rose after the July reading on French inflation came in stronger than anticipated.

How markets are performing

The Stoxx Europe 600 index SXXP, +0.00% was up less than 1 point at 391.01 and switched in and out of positive territory. Utility and tech shares were losing the most, while the oil and gas, telecommunications and financial groups led the advancers. On Monday, the index fell 0.3%.

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